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Sign noting the closure of Screen Door in Portland, Oregon, because of the pandemic. The 2020 coronavirus pandemic impacted the US food industry via government closures, resulting in layoffs of workers and loss of income for restaurants and owners. [81] It impacted retail groceries with panic buying noted as early as 2 March in some areas. [8]
Signs on door of a Graeter's ice cream parlor in the Hyde Park neighborhood of Cincinnati during government-mandated closings. The COVID-19 pandemic impacted the United States restaurant industry via government closures, resulting in layoffs of workers and loss of income for restaurants and owners and threatening the survival of independent restaurants as a category.
Last year, the highest number of closures came from Dollar Tree-owned Family Dollar, CVS Health, Conn’s, rue21 and Big Lots, respectively. Conn’s, a home goods and furniture retailer, and ...
On Monday, the food processing company announced that it would close its Emporia, Kansas facility in February 2025. Over 800 employees of the plant were notified about the closure in a letter.
Chain of Closure. As of 2023, there are 200,859 fast-food restaurant businesses in the U.S. — a staggering number to compete with. However, financial upheaval in 2020 and 2021, along with the ...
On April 12 the company announced the indefinite closure of the plant, which processes 4 to 5 percent of the pork production in the United States. Kenneth Sullivan, president and CEO of Smithfield Foods, said the closure of this and other meat processing plants "is pushing our country perilously close to the edge in terms of our meat supply."
Chains are on track to close the highest number of stores in 2024 than any year since 2020, when the Covid-19 pandemic decimated the industry. Closures have picked up this year because the retail ...
A 2019 analysis conducted by IHL Group international research and advisory firm found that when a retailer closes many stores, it indicates more about the individual retailer rather than the retail industry overall. In 2019, the 20 stores announcing the most closures represent 75% of all closures. IHL found that for each retailer closing stores ...